{"id":46764,"date":"2025-06-23T12:49:08","date_gmt":"2025-06-23T12:49:08","guid":{"rendered":"https:\/\/www.spragueenergy.com\/?p=46764"},"modified":"2025-09-18T07:39:32","modified_gmt":"2025-09-18T07:39:32","slug":"light-volume-trading-ahead-of-the-july-contract-expiration","status":"publish","type":"post","link":"https:\/\/www.spragueenergy.com\/fr\/light-volume-trading-ahead-of-the-july-contract-expiration\/","title":{"rendered":"Light Volume Trading Ahead of the July Contract Expiration"},"content":{"rendered":"<p><strong>Recap<\/strong>:&nbsp; The oil market continued to trend in its recent trading range as the market traded lower on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict. During Thursday\u2019s shortened trading session due to the Juneteenth holiday, the July contract posted its high of $77.58 as neither Israel nor Iran showed by sign of backing down in the week-old war. However, the market gave up its gains and traded lower on Friday with light volume trading in July contract ahead of its expiration at the close. The market posted its low of $74.30 after the White House said President Donald Trump would decide whether the U.S. will get involved in the Israel-Iran conflict in the next two weeks. The market later settled in a sideways trading range. Meanwhile, the August WTI contract breached its previous highs and rallied to a high of $75.74 on Thursday before it retreated to a low of $72.32 early Friday. It too settled in a sideways trading range for much of the day. The July WTI contract went off the board down 21 cents at $74.93, while the August WTI contract settled up 34 cents at $73.84. The August Brent contract settled down $1.84 at $77.01. Meanwhile, the product markets ended the session higher, with the heating oil market settling up 84 points at $2.5418 and the RB market settling up 2.09 cents at $2.3295.<\/p>\n\n\n\n<p><strong>Technical Analysis<\/strong>:&nbsp; The crude market will continue to trend sideways as traders wait to see whether there is a potential supply disruption and whether the U.S. will decide to become directly involved in the Israel-Iran conflict. The market will await U.S. President Donald Trump\u2019s decision over the next two weeks and will look for any development on the resumption of nuclear talks, although Iran said it would not do so while Israel continued to strike the country. The August WTI contract is seen finding support at its lows of $72.32, $71.33, $70.98, $69.56, $69.50, $68.03, $67.84 and $67.11. Meanwhile, resistance is seen at $75.74, $77.58 and $77.62.&nbsp;<\/p>\n\n\n\n<p><strong>Fundamental News<\/strong>:&nbsp; Israel and Iran&#8217;s air war entered a second week on Friday. Iran said it would not discuss the future of its nuclear program while under Israeli attack, as Europe sought to draw Iran back to the negotiating table, with a decision on potential U.S. involvement expected within two weeks. Israel began attacking Iran last Friday, saying it aimed to prevent its Iran from developing nuclear weapons. Iran retaliated with missile and drone strikes on Israel. With neither country backing down, the foreign ministers of Britain, France and Germany along with the European Union foreign policy chief met in Geneva with Iran&#8217;s Foreign Minister Abbas Araqchi to try to de-escalate the conflict on Friday. Iran&#8217;s Foreign Minister Abbas Araqchi said Tehran backed the continuation of discussions with Germany, France, Britain and the EU and would be prepared to meet again in the near future following talks in Geneva. Russian President Vladimir Putin and Chinese President Xi Jinping both condemned Israel and agreed that de-escalation is needed. Meanwhile, the role of the United States remained uncertain. On Thursday in Washington, the Britain\u2019s Foreign Secretary David Lammy met with U.S. Secretary of State Marco Rubio and Trump&#8217;s special envoy to the region, Steve Witkoff, and said they discussed a possible deal. The U.S. Secretary of State also held separate calls with his counterparts from Australia, France and Italy. Sources said White House Special Envoy to the Middle East Steve Witkoff has spoken with Iran\u2019s Foreign Minister Abbas Araqchi several times since last week. However, Iran\u2019s Foreign Minister told Iranian state television on Friday that Tehran would not agree to talks while Israeli strikes continued. Meanwhile, Israel\u2019s Foreign Minister Israel Katz warned of action against Iranian ally Hezbollah on Friday, a day after the Lebanese militant group suggested it would come to Iran&#8217;s aid.<\/p>\n\n\n\n<p>IIR Energy reported that U.S. oil refiners are expected to shut in about 472,000 bpd of capacity in the week ending June 20<sup>th<\/sup>, cutting available refining capacity by 112,000 bpd. Offline capacity is expected to fall to 375,000 bpd in the week ending June 27<sup>th<\/sup> and to 54,000 in the week ending July 4<sup>th<\/sup>.<\/p>\n\n\n\n<p><strong>Early<\/strong><strong> Market Call &#8211; as of 8:35 AM EDT<\/strong><\/p>\n\n\n\n<p><strong>WTI &#8211; Aug $73.49, down 55 cents<\/strong><\/p>\n\n\n\n<p><strong>RBOB &#8211; Jul $2.3230, down 1.3 cents<\/strong><\/p>\n\n\n\n<p><strong>HO &#8211; Jul $2.5170, down 2.58 cents<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Recap:&nbsp; The oil market continued to trend in its recent trading range as the market traded lower on Friday after the White House delayed a decision on U.S. involvement in [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":44530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[21,191,23,20,1,190],"tags":[],"class_list":["post-46764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crude","category-delivered-fuel","category-gasoline","category-heating-oil","category-market-insights","category-wholesale-fuel"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Light Volume Trading Ahead of the July Contract Expiration - Sprague Energy<\/title>\n<meta name=\"description\" content=\"Explore the latest trends in the Natural Gas market amid geopolitical tensions affecting oil prices and trading patterns.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.spragueenergy.com\/fr\/light-volume-trading-ahead-of-the-july-contract-expiration\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Light Volume Trading Ahead of the July Contract Expiration\" \/>\n<meta property=\"og:description\" content=\"Explore the latest trends in the Natural Gas market amid geopolitical tensions affecting oil prices and trading patterns.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.spragueenergy.com\/fr\/light-volume-trading-ahead-of-the-july-contract-expiration\/\" \/>\n<meta property=\"og:site_name\" content=\"Sprague Energy\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-23T12:49:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-18T07:39:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2024\/06\/6-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Emily Beckett\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emily Beckett\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimation du temps de lecture\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/light-volume-trading-ahead-of-the-july-contract-expiration\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/light-volume-trading-ahead-of-the-july-contract-expiration\\\/\"},\"author\":{\"name\":\"Emily Beckett\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/f16806fa4af9f2c44e5e1b0a75e5ace9\"},\"headline\":\"Light Volume Trading Ahead of the July Contract Expiration\",\"datePublished\":\"2025-06-23T12:49:08+00:00\",\"dateModified\":\"2025-09-18T07:39:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/light-volume-trading-ahead-of-the-july-contract-expiration\\\/\"},\"wordCount\":725,\"image\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/light-volume-trading-ahead-of-the-july-contract-expiration\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/6-1.png\",\"articleSection\":[\"Crude\",\"Delivered Fuel\",\"Gasoline\",\"Heating Oil\",\"Market Insights\",\"Wholesale Fuel\"],\"inLanguage\":\"fr-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/light-volume-trading-ahead-of-the-july-contract-expiration\\\/\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/light-volume-trading-ahead-of-the-july-contract-expiration\\\/\",\"name\":\"Light Volume Trading Ahead of the July Contract Expiration - Sprague Energy\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/light-volume-trading-ahead-of-the-july-contract-expiration\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/light-volume-trading-ahead-of-the-july-contract-expiration\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/6-1.png\",\"datePublished\":\"2025-06-23T12:49:08+00:00\",\"dateModified\":\"2025-09-18T07:39:32+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/f16806fa4af9f2c44e5e1b0a75e5ace9\"},\"description\":\"Explore the latest trends in the Natural Gas market amid geopolitical tensions affecting oil prices and trading patterns.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/light-volume-trading-ahead-of-the-july-contract-expiration\\\/#breadcrumb\"},\"inLanguage\":\"fr-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.spragueenergy.com\\\/light-volume-trading-ahead-of-the-july-contract-expiration\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/light-volume-trading-ahead-of-the-july-contract-expiration\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/6-1.png\",\"contentUrl\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/6-1.png\",\"width\":1200,\"height\":628,\"caption\":\"Smiling man in a cap and vest stands near a fuel tanker truck with overlay text reading 'Refined Products MarketWatch' in bold white font, framed by a red rectangle on a blue-toned background.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/light-volume-trading-ahead-of-the-july-contract-expiration\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.spragueenergy.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Light Volume Trading Ahead of the July Contract Expiration\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#website\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/\",\"name\":\"Sprague Energy\",\"description\":\"Our Energy Makes the Difference\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.spragueenergy.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-CA\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/f16806fa4af9f2c44e5e1b0a75e5ace9\",\"name\":\"Emily Beckett\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g\",\"caption\":\"Emily Beckett\"},\"sameAs\":[\"https:\\\/\\\/www.spragueenergy.com\"],\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/fr\\\/author\\\/ebeckett\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Light Volume Trading Ahead of the July Contract Expiration - Sprague Energy","description":"Explore the latest trends in the Natural Gas market amid geopolitical tensions affecting oil prices and trading patterns.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.spragueenergy.com\/fr\/light-volume-trading-ahead-of-the-july-contract-expiration\/","og_locale":"fr_CA","og_type":"article","og_title":"Light Volume Trading Ahead of the July Contract Expiration","og_description":"Explore the latest trends in the Natural Gas market amid geopolitical tensions affecting oil prices and trading patterns.","og_url":"https:\/\/www.spragueenergy.com\/fr\/light-volume-trading-ahead-of-the-july-contract-expiration\/","og_site_name":"Sprague Energy","article_published_time":"2025-06-23T12:49:08+00:00","article_modified_time":"2025-09-18T07:39:32+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2024\/06\/6-1.png","type":"image\/png"}],"author":"Emily Beckett","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"Emily Beckett","Estimation du temps de lecture":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.spragueenergy.com\/light-volume-trading-ahead-of-the-july-contract-expiration\/#article","isPartOf":{"@id":"https:\/\/www.spragueenergy.com\/light-volume-trading-ahead-of-the-july-contract-expiration\/"},"author":{"name":"Emily Beckett","@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/f16806fa4af9f2c44e5e1b0a75e5ace9"},"headline":"Light Volume Trading Ahead of the July Contract Expiration","datePublished":"2025-06-23T12:49:08+00:00","dateModified":"2025-09-18T07:39:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.spragueenergy.com\/light-volume-trading-ahead-of-the-july-contract-expiration\/"},"wordCount":725,"image":{"@id":"https:\/\/www.spragueenergy.com\/light-volume-trading-ahead-of-the-july-contract-expiration\/#primaryimage"},"thumbnailUrl":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2024\/06\/6-1.png","articleSection":["Crude","Delivered Fuel","Gasoline","Heating Oil","Market Insights","Wholesale Fuel"],"inLanguage":"fr-CA"},{"@type":"WebPage","@id":"https:\/\/www.spragueenergy.com\/light-volume-trading-ahead-of-the-july-contract-expiration\/","url":"https:\/\/www.spragueenergy.com\/light-volume-trading-ahead-of-the-july-contract-expiration\/","name":"Light Volume Trading Ahead of the July Contract Expiration - Sprague Energy","isPartOf":{"@id":"https:\/\/www.spragueenergy.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.spragueenergy.com\/light-volume-trading-ahead-of-the-july-contract-expiration\/#primaryimage"},"image":{"@id":"https:\/\/www.spragueenergy.com\/light-volume-trading-ahead-of-the-july-contract-expiration\/#primaryimage"},"thumbnailUrl":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2024\/06\/6-1.png","datePublished":"2025-06-23T12:49:08+00:00","dateModified":"2025-09-18T07:39:32+00:00","author":{"@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/f16806fa4af9f2c44e5e1b0a75e5ace9"},"description":"Explore the latest trends in the Natural Gas market amid geopolitical tensions affecting oil prices and trading patterns.","breadcrumb":{"@id":"https:\/\/www.spragueenergy.com\/light-volume-trading-ahead-of-the-july-contract-expiration\/#breadcrumb"},"inLanguage":"fr-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.spragueenergy.com\/light-volume-trading-ahead-of-the-july-contract-expiration\/"]}]},{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/www.spragueenergy.com\/light-volume-trading-ahead-of-the-july-contract-expiration\/#primaryimage","url":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2024\/06\/6-1.png","contentUrl":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2024\/06\/6-1.png","width":1200,"height":628,"caption":"Smiling man in a cap and vest stands near a fuel tanker truck with overlay text reading 'Refined Products MarketWatch' in bold white font, framed by a red rectangle on a blue-toned background."},{"@type":"BreadcrumbList","@id":"https:\/\/www.spragueenergy.com\/light-volume-trading-ahead-of-the-july-contract-expiration\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.spragueenergy.com\/"},{"@type":"ListItem","position":2,"name":"Light Volume Trading Ahead of the July Contract Expiration"}]},{"@type":"WebSite","@id":"https:\/\/www.spragueenergy.com\/#website","url":"https:\/\/www.spragueenergy.com\/","name":"Sprague Energy","description":"Our Energy Makes the Difference","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.spragueenergy.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-CA"},{"@type":"Person","@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/f16806fa4af9f2c44e5e1b0a75e5ace9","name":"Emily Beckett","image":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g","caption":"Emily Beckett"},"sameAs":["https:\/\/www.spragueenergy.com"],"url":"https:\/\/www.spragueenergy.com\/fr\/author\/ebeckett\/"}]}},"terminal":null,"_links":{"self":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts\/46764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/comments?post=46764"}],"version-history":[{"count":0,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts\/46764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/media\/44530"}],"wp:attachment":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/media?parent=46764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/categories?post=46764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/tags?post=46764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}